PKG price prediction

  • |
  • 14 October 2022
post-thumb
aistockpriceprediction.com and DataFortress.cloud are not giving any trading advice. Statistics and opinions stated on this website are purely statistical, and should never be used for real life trading. Form your own decisions and speak with a registered investment advisor before investing.

Predicted price range for Packaging Corp of America

Our trading algorithm values Packaging Corp of America (PKG) to be fairly valued.

The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.

NameValue
Our valuationfairly valued
Current trenduptrend
Buy/Sell RecommendationNeutral
Current Price$113.52
60 Day Prediction$117.86
60 Day Pred - Lower Bound$110.39
60 Day Pred - Upper Bound$125.21

Our algorithm predicts the future trend with the linear formula (a*x + b = y):

$ price = 0.069 * nr_days_in_the_future + 115.783

Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.

Historic price development

PKG traded at $113.52 this Friday October 14th, loosing $-0.63 or -0.5549726052171968 percent since last week.

Looking back, over the last month, PKG has been loosing $-10.58 or -9.319945510851893 percent.

Over the last year, it has been loosing $-19.34 or -17.036649523603035 percent.

Seasonality of Packaging Corp of America

Using our AI model, we have been analyzing the value change for Packaging Corp of America depending on the day or month of a year. This can be seen in the following graph: